(The following information applies to the questions displayed below.) In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2023. Information related to the contract is as follows: Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 $ 2,523,000 6,177,000 2,070,000 1,835,000 2022 $3,177,000 1,800,000 3,630,000 3,400,000 2023 $1,980,000 0 4,300,000 4,765,000 Westgate recognizes revenue over time according to percentage of completion. 3. Complete the information required below to prepare a partial balance sheet for 2021 and 2022 showing any items related contract. (Do not round intermediate calculations.) 2021 2022 Balance Sheet (Partial) Current assets: Current liabilities